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, illinois. he laid out a vision for his second term. >> the belief that while each of us will pursue our own individual dreams, we are an american family and we rise our fall together as one nation and as one people. and in the coming weeks and months, i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together, reducing our deficit, reforming our tax code, fixing our immigration system, freeing ourselves from foreign oil. we've got more work to do. >>> romney made his concession speech in boston, massachusetts. >> i so wish, i so wish that i had been able to fulfill your hopes to lead the country in a different direction. but the nation chose another leader. so ann and i join with you to earnestly pray for him and for this great nation. >> americans also cast vote for their senate and house of representatives. abc news projects the democrats will hold onto their majority in the senate and the republicans will keep the house. that means the political wrangling that played out for most of obama's first term could continue. ba
>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge
for his second term. >> the belief that while each of us will pursue our own individual dreams, we are an american family and we rise our fall together as one nation and as one people. and in the coming weeks and months, i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together, reducing our deficit, reforming our tax code, fixing our immigration system, freeing ourselves from foreign oil. we've got more work to do. >>> romney made his concession speech in boston, massachusetts. >> i so wish, i so wish that i had been able to fulfill your hopes to lead the country in a different direction. but the nation chose another leader. so ann and i join with you to earnestly pray for him and for this great nation. >>> americans and people around the world are waiting to see how president obama will address the challenges he mentioned in his victory speech. nhk world's political commentator nakajima joins us. tell us how obama won a second term? >> for a start, he is the incumbent president that puts him in a position of po
under way across the u.s. as americans decide who will lead the country for the next four years. after vigorous campaigning right to the last minute and aggressive advertising that made it the most expensive campaign of all time, president barack obama and his challenger mitt romney both into the election day confident of victory. >> but most election polls say the race for the white house is too close to call, meaning the result will be decided in a small number of so-called swing states by florida, ohio, virginia, and new hampshire, which was the first to vote on the stroke of midnight. >> voting began early in this part of new hampshire. the first ballot such traditionally cast here at midnight, and after the first 10 were tallied, it was a drop -- draw. >> for president -- this has never happened before -- we have a tie. five votes each. >> of voting in dick's bill has never been a gauge for the rest of the nation, but this year, polls show the race is a dead heat -- voting in dixville has never been engaged for the rest of the nation. >> after all the months of campaigning, after
>>> dememracy in america. voters in the u.s. decide who they think should lead the country. one man has spent the past four years reshaping how americans see their country and how america is seen around the world. u.s. president barack obama took the wheel of an economy that resisted efforts to write it. now voters are deciding whether to stick with him or whether his republican opponent mitt romney deserves the job. eyewitness news line will focus all day on the race for president. >>> millions of americans are still voting. millions are already making their choices and already we're getting some hints about who they chose. our partners at abc news project barack obama will capture 3 electoral votes and mitt romney 33. >>> let's take a look at the projections state by state. the states in blue are for obama. the runs in red for romney. romney in south carolina, indiana, and kentucky. the projections give obama 3 electoral votes and they hope the number adds up to 270 or more needed to win the election. obama and the first lady arrived at home in chicago. the president wrapped hip h
rolls to re-election and a second term, defeating mitt romney despite a weak u.s. economy and persistently high unemployment. >> investors cheer obama's re-election. equities trading high led by autos and health care stocks. >> democrats keep their hold of the senate and republicans keep their control of the house. >> there will be a tough challenge facing the looming fiscal cliff. >>> a very good morning to you. it's been a long night, but we have a result. >> yes, we do. let's get right it to. president barack obama capturing a second term in the white house despite the struggling u.s. economy. he did manage to win many of the same states he took in 2008 and nearly all the critical swing states, including ohio, virginia, and colorado. speaking to supporters in chicago just a few hours ago, the president congratulated his republican challenger on the spirited race and said there's plenty of work ahead to fix the country's fiscal problems. >> i believe we can seize this future together, because we are not as divided as our politics suggest. we're not as cynical as the pund
's losses. now, on the upside, we've got a stronger u.s. currency. the u.s. dollar muscling higher, finding firmer footing and hitting a two-month high against the euro today. but the price of oil in part because of the stronger dollar -- stronger dollar is lower. crude oil dropping today after the energy information administration reported a bigger than expected build in crude supplies. we get it every wednesday. that was of course for the last week, plus european central bank president's draghi negative comments about the euro zone economy, all of this weighing on oil. we see oil moving to the down side. speaking of europe, take a look at this video right now. came in a few minutes ago. more than 80,000 greek protesters outside of parliament turning violent ahead of the austerity vote to avoid financial disaster. we have had reports of fires burning, smoke as we're seeing the sun go down at this point, not going to be a good night there in greece. we are keeping our eye on that very fluid situation. protests, elections, hurricanes, nor'easters. okay, is lightning striking me here? we have
as soon as they take the is stage in respective cities. good evening thanks for joining us. >> i'm carolyn johnson. president now has at least 275 electoral votes enough to serve 4 more years in the white hous house. >> abc news first made the projection-hour ago or so when the president won in the battle ground state of ohio and we can show you now the updated electoral college map so crucial to the process. again 2 70 votes needed to win. president obama after winning in key states like ohio has 2 81 electoral votes. again over the 2 70 to win. romney at this moment with florida stit still to be heard from and couple other states like virginia h2o 3 electoral votes. >> team coverage for you tonight. laura is live at mitt romney election headquarters in boston. >> and mark live in chicago at the obama headquarters and mark let's start with you there obviously an exciting time in chicago. >> half hour ago when they made the announcement this place erupted. reminded me of 4 years ago in grant park. let me show you the crowd, mike move up to the front of the little riser spac
goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little step since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can help the next generation find their own path. all of us serving you. us bank >> tonight in this election, you the american people reminded us that while our road has been hard, our journey has been long, we have picked ourselves up. we have fought our way back, and we know in our hearts that the united states of america, the best is yet to come. stuart: he said it, you heard it. the best is yet to come. how does another term translate for the economy? the president wants take increases on the wealthy and has more leverage to do that so higher taxes as part of any deal on the fiscal cliff. then there is the point. $16 trillion now going to $20 trillion under the president's plan. ed butowksi is with us. do you agree? more taxes, more debt? >> without question. more taxes means less money to grow, less money to grow for small b
are watching us around the country on wgn america and on the web. the president has lots of hurdles to overcome. including the high unemployment rate. the stock market is off to a rough start. here's a live look at the big board. stocks are trading sharply lower. if your web it could be tough for lawmakers to avoid a fiscal crisis. >> that looming fiscal showdown is just some of the big issues facing the president as he heads back to work. >> there are signs here that the president may be on the move. i'm going to step out of the way. there's been a lot of activity. within the last 20 minutes or so. we saw the senior white house advisor or ride. so did the white house official photographer. he is a former chicago tribune photographer the police motorcycle escort typically leads the presidential motorcade also standing at the ready. the it is very exciting on here. there's a crowd growing in anticipation to see president obama. >> supporter stopped by his home the morning after his reelection victory. hoping to get a glimpse of the commander in chief. the rand daily was among them
the future that lies ahead. you elected us to focus on your jobs, not ours. in the coming weeks and months, out and working with leaders of both parties to meet the challenges we can only solve together. reducing our deficit, reforming our tax codes, fixing our immigration system, freeing ourselves from foreign oil. we have more work to do. >> mitt romney won the traditional republican states, but ended up with only one swing state victory, taking north carolina. after reports that his campaign was questioning the results in ohio, romney finally emerged shortly before 1:00 a.m. eastern standard time to announce he had conceded the race. >> i have just called president obama to congratulate him on his victory. his supporters and his campaign also deserve congratulations. i wish all of them well, particularly, the president, the first lady, and their daughters. this is a time of great challenges for america, and i pray that the president will be successful in guiding our nation. >> president obama will again face a divided congress, with democrats increasing their senate majority by one seat
's looking right now n. terms of the advisories for us, we're talking about up to into northern sections of baltimore county and hartford county and there is a winter weather advisory, very little if any accumulation there and i don't expect anything here. wind gusts to the northeast, 22 miles per hour and newark at 29. can you see most of these anywhere between 20 and 30 and you get an occasional gust into the 40s there and this is not nearly as strong as a nor'easter can be. and so, at least if we can find anything that is busy about this, it's not that strong. >> and thank you. you know, these kinds of driving conditions are very difficult sometimes and, in fact, the maryland state highway administration is warning drivers to be extra caution tonight. the administration reminds drivers to give yourselves extra travel time since this is central maryland's first winter weather o you can reps of the season. shawn. >>> in new york and new jersey, people are still recovering from sandy and they're preparing for the worst. janice dean has the latest. >> reporter: the northeast catching no b
company is joining us in a first on fox business interview that you do not want to miss. liz: we want to tell you what drove the market down in the "data download." the selloff with all three major indices plunging falling more than 2% each. the dow and the below 13,000 130 posts in the steepest drop in more than five full months. all 10 sectors ended lower by the energy. the s&p 500 fell below 1400, the first time since august and it looks like we are staying there at least for today. the first day with volume topping $4 billion since september. a lot of action. rising against a basket of equities. what does that do? it powers higher, the dollar, and brings down some dollar-denominated commodities. 0.3% as the euro fell to the two-month low falling down by the bleak economic forecast. we have an interesting story with u.s. treasury prices pushing yields down the most since june. dropping 11 basis points at 1.65%, the lowest level in more than a full month. david: let's get to today's action. we found somebody who says he is still buying despite the selloff. we have a bull and a bear.
, the american people, reminded us that while our road has been hard, while our journey has been long, we have picked ourselves up, we have fought our way back, and we know in our hearts that for the united states of america, the best is yet to come. >> and we're going to hear more from both men in just a few moments. but first nbc's kristen welker is at obama headquarters in chicago. a long-fought battle for the president? >> reporter: absolutely, lynn. the crowd was electrified when president obama walked out onto the stage behind me. of course, when president obama delivered his victory speech, in that speech he talked about meeting with mitt romney and also talked about reaching across the aisle to work with republicans on pressing issues including deficit reduction, immigration reform and, of course, jobs, lynn. that was the number one issue for voters during this election cycle. almost cost president obama his re-election. he essentially said during his speech last night that he got the message loud and clear. there were also some personal noemts to his speech. he told the crowd publicly
no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a change? it didn't matter who won. we've been facing pr
>>> hello and thank you for joining us. i'm andrea roane. j.c. hayward is off today. the morning after the most expensive campaign in history, president obama begins planning his next four years in office. bigad shaban takes a look at challenges awaiting the president. >> reporter: a victorious barack obama heads back to washington to face the same divided congress in his secd term. >> the recognition that we have common hopes and dreams won't end all the gridlock. to solve all our problems. >> reporter: the president swept almost all the battleground states. giving him a decisive victory in the electoral college. but the popular vote was much closer. >> whether i earned your vote or not, i have listened to you. i have learned from you. >> reporter: during the president's speech here, he promised to work across party lines. he'll have to, congress remains split. democrats held on to the senate, while republicans kept the majority in the house. president obama hopes to sit down with mitt romney in the coming weeks to meet the difficult challenges ahead. in his concession speech ro
cut deals on taxes and spending. >> american people want us to work together. republicans want us to work together. >> reporter: and house speaker john boehner opened the door to higher taxes. >> for the purposes of forging a bipartisan agreement that begins to solve the problem, we're willing to accept new revenue under the right conditions. >> reporter: conceding his loss, mitt romney called for compromise. >> at a time like this, we can't risk partisan bickering and political posturing. our leaders have to reach across the aisle to do the people's work. >> reporter: how did the people of america reject romney? one reason is, our population has changed. a smaller share of whites voted, down to 72% of the total. more minorities voting, more young people. changes that favor democrats like barack obama. he reached out last night to romney backers. >> whether i earned your vote or not, i have listened to you. i have learned from you. >> reporter: some republicans say they better learn, from an election that gave barack obama four more years. bipartisanship will get the media test,he
, that is only way we will get congress, he needs a new economic time, and his skills and int -- intellect to use the bully pulpit which he has not done so far. neil: what do you think? >> a tax increase. neil: he will claim that is what -- >> he ran, nothing but for confrocontran seption, and a ner issues. neil: republicans go along. >> speaker and minority leader, they will be in bet pore sig, -- better position, when new congress is seated, everyone kicks a character and puts so much on the election. neil: that is their cover. lou: i don't think that john boehner has conservativ!! covert forefront of the republican party. neil: he is their biggest star. lou: he is only man with power. on part of the republican party, period, mitch mcconnell, is a minority leader of senate that does not approach him, discussion that simpson-bowles it was rejected by this president, and by the republican party, it is not a good plan. people need to understand this. it is not a plan that will be embraced by those who did not want to see higher taxes. the idea of that the president can speak to taxes and say, the
and in the capacity of the state government to make some wise investments that will benefit all of us. that is what proposition 30 was all about. >> proposition 30 now the first general tax the californians have passed in two decades. voting to tax themselves. here's the results of a competing measure proposition 38. you can see here it went down in defeat 28 percent wanting in but a whopping 72 percent say no to proposition 38. it would increase the income tax rate on a lot of californians 14 years of nearly $18 billion per year. >> the election now cooling down so is our weather erica has a look at our forecast. good morning erica. >> good morning to you any. cool conditions on tap fog along the coastline. some issues of visibility not too bad as we take it outside to our mount tam cam. we will see the sun shine that will be evident. breezy conditions temperatures will drop off. later in the evening hours the fault will return and we will see an increase and cloud cover. >> here's a look at your numbers 49 napa. 48 in nevada. low fifties for vallejo concord. 57 of around our bay shore is. into th
that the election is behind us, we now focus on the fate of the fiscal cliff. mike gibbs of raymond james says we get a compromise and this is the time to buy into weakness. nathan backrack of the financial network group is not as convinced. they are here along with david cass of matrixes a s es s ass and meg. gentlemen, lady, good to have you on the program. thank you so much. nathan, i kick it off with you. if we are heavy in stocks and depending on congress, you better buckle up. tell us why. >> well, because we're going to be all over the place right now. when i hear speaker boehner, who's just about 20 miles north of me, start to say all the things that are going to happen, it reminds me of my first sales manager who says, great, i'll wait to see it before i'm going believe it. right now, wall street has given a very clear message to president obama, which s oh, you think you know business, watch this. so now you're going to learn and you're going to learn real fast. a correspondence course is not going to help. we're going to be all over the place. my sense is until we get through with gr
the election bring us any closer to working out a deal? >>reporter: the president has said it should be easier for him to work with republicans when they are no longer focused on blocking re-election but senate republican leader said preventing a second obama term was the top priority says the president didn't get a mandate last night, all he got was more time to do the job he promised in his first term. by waiting until the election is over the president left less than two months to is a deal to prevent tax hike and spending cuts that could push the country into another recession and the players have not changeed. obama is demanding an end to the upper income tax cuts and house speaker boehner is signals he will oppose that. republicans are demanding changes in entitlement programs and senate majority leader harry reid says he will not tinker with social security to get a deal. >>shepard: job creation? >>reporter: obama criticized mitt romney for claiming that he would create 12 million jobs over the next four years but not spelling out how. some economists think the country is primed to crea
votes once the results come through. if we look at the u.s. congress, meanwhile, republicans maintained control of the lower house, democrats have kept their majority in the upper house. this is how those electoral votes stack up, state-by-state. mitt romney, 206 electoral votes, president obama, 303. compared to the last election, president obama 1365 electoral votes, john mccain won on hundred 73. back then, we should say that he won n.c. and indiana, but those states went to mitt romney this time around. let's get the full story of the night from our washington correspondent. >> the first family, stepping out to a second term. to the strains of signed, sealed, committed. looking forward to the inspiration from the voters. >> you, the american people, reminded us that while our road has been hard, while our journey has been long, we have to pick ourselves up, we have fought our way back, and we know in our hearts that for the united states of america, the best is yet to come. [applause] >> by then it was nearly 2:00 in the morning, the culmination of an exhilarating night. >> this is
with us. i'm aaron gilchrist. >> and i'm eun yang for this morning after election night. this morning the long and hard fought presidential election is over with president barack obama voted into office for a second term. >> it is a decisive victory for the president, at least in the electoral college. take a look at the race. to 270 in terms of electoral votes, president obama wins with 303 over former massachusetts governor mitt romney's 200 electoral votes, this without florida, which is still considered too close to call with 97% of the precincts reporting, although president obama does have a narrow lead. >> the president picked up many battlegrounds states, including virginia, colorado, and the all important ohio. he declared victory to an ecstatic group of supporters in chicago. the president was joined on stage just like four years ago with the first lady and their two daughters. >> shortly before that, governor romney addressed a crowd of disappointed supporters. they both said in their speeches that now that the election is over. it is time for republicans and democrats to w
of things to come? here to start us off on this one is united advisors chief market strategist scott martin. scott, what does the future hold? >> probably a very big dose of volatility, melissa. thanks for pointing out we didn't lose as much as we did four years ago. melissa: right. >> it is still a loss. i love to look for you to the silver lining. this is the issue. you mentioned in the tease at the beginning. this fiscal cliff that looms ahead, not that far ahead. only a couple months away if that. there is certainly no resolution in sight. one of those things we'll play chicken with the u.s. economy. we'll play chicken with the u.s. consumer and probably not get anything done. that is the uncertainty that looms over the market more than anything. melissa: here is the question people are asking me today, on election day, stocks are moving higher. it seemed pretty obvious during the day that barack obama was winning. what was the big change overnight? what was the hangover today? >> yeah. that was the goofy thing and that's why i think blaming barack obama's re-election today kind of a re
you both. we'll have you both back very soon. that does it for us today. make sure to join us tomorrow. right now it's time for "squawk on the street." >> whether i earned your vote or not, i have listened to you. i have learned from you. you have made me a better president. with your stories and your struggles, i return to the white house more determined and more inspired than ever about the work there is to do and the future that lies ahead. >> president obama wins a second term in the white house but of course now the hard part begins. can he and congress agree on how to avoid the fiscal cliff just 54 days from now? good morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee, jim cramer, david faber. as you can see once again, down triple digits. a lot of news out of europe today as attention turns to greece and parliamentary vote there regarding austerity measures later on. democrats gaining seats in the senate. republicans maintaining control of the house. >> the issues that were a tossup are now certainties. we'll get cramer's take on how to align your
on the span so use care. 5:01 let's go back to the desk. >>> all right it's four more years for president obama. final results still being counted but here is the -- we have the electoral map results. the state of florida is the only one remaining too close to call. the president has at least 303 electoral votes. 270 are needed to win the white house. thousands of supporters cored as the president, first lady, and daughters emerged at their victory party. in his victory speech president obama spoke about working with both sides of the aisle. >> we are greater than the sum of our individual ambitions and we remain more than a collection of red states and blue states. we are and forever will be the united states of america. >> the president and his family spent the night in chicago. they will return to the white house though this afternoon. there was also a very large receive brace filled with chants and cheers at sprawl plaza. for many students in the crowd they are excited this is their first time to vote. >> it's been a long time waiting. it was a really long line. and it took awhile to
slowed but as one firefighter told us, that is a lot of water to beat -- to deal with. >> there is still water coming into the streets. not as much as even the pictures we took a little better gear this afternoon, gradually turning the water off. of course, this is affecting traffic in and around the area and you can hear up above. capt. roy, at what is the situation? >> this is a bird's-eye view of the area at 20th street where the epicenter of the water main break has taken place. water is working its way southbound toward north avenue. if anyone is trying to use it to go home, you can go northbound up to the expressway by penn station. but there you must get off and go northbound. no. avenue and 20 street and the other small streets between maryland avenue and st. paul street are shut down. traffic is being diverted by police because of the break at the location. >> thank you. happening right now, a nor'easter is bringing wind, rain, and even snow. tom tasselmyer is tracking the system. >> it looks like this storm is a little farther offshore and taking a slightly different track. all
the election rattling investors in the u.s. europe moving to the front burner once again. we talked about this yesterday being the cause of all this volatility in the u.s. market. warning the economic slowdown hitting germany, the euro's own partisan healthiest economy. investors wait for a vote on another unpopular austerity package,,deep spending cuts so they can get the next round of eight. the measures are expected to pass by a narrow marrin. already showing their anger, all shut down for a second day. police using tear gas against the demonstrators. tracy: and clearly we are seeing that the market. rolling over when the market closed. part of it is down. now that the election day has ds come and gone and the government rings virtually unchanged, congress should be able to work with differences. peter barnes has brought himself back to washington. it is like dÉjÀ vu all over again, isn't it? >> yeah. we just heard from democratic leader harry reid in a press conference in the last hour. he was sounding conciliatory kind of. >> everything within my power to be as conciliatory as poss
. >> good morning, i'm pam cook. thank you for waking up with us this morning. let's check in with steve paulson. the weather is already changing i guess. but i did vote for warm weather, steve. >> then election came in for you on monday and tuesday. but for us rooking for colder weather the results will show up later today and more likely tomorrow. we have a very strong cold front coming in. today is that between day. 60s and 70s. a lot of the fog and low clouds are back. temperatures will begin their cool down. >>> traffic on 24 westbound between walnut creek and oakland looks good. the fog is not low here. steve has mentioned the fog. definitely foggier and chillier. the commute looks good on 80 now. but this last night there the freeway waclosed for more than five hours. this taxi cab happened in san francisco. it happened about two hours ago on 8th. the cab driver lost control and hit two parked cars and a parking meter before crashing into the side of the market there. firefighters had to use the jaws of life to get the driver out. the driver was injured. we don't know his conditio
. >> the president: you, the american people, reminded us that while our road has been hard. while our journey has been long. we have picked ourselves up. we have fought our way back. and we know in our hearts, that for the united states of america, the best is yet to come. >> president obama will return to the white house this afternoon. he has no public events planned for today. before he declared victory mitt romney conceded gracefully. he told his supporters he called the president to congratulate him. he said it was time to put aside partisanship and work together for the good of the nation. >> i so wish i had been able to fulfill your hopes to lead the country in a different direction. but the nation another leader. ann and i join with you to earnestly pray for him and this great nation. >> president obama says he looks forward to meeting with romney in the weeks ahead to discuss ways to move the country forward. >>> florida is still too close call even without it, president obama dominated the must-have swing states. he also took the popular vet by a narrow margin. katie marzullo joins a lo
in the some direction kron 4 urs the jackie is on the scene. >> this is a bad commute so if you can use 580 as an alternative route that will save you some time. >> only one line is open eastbound 24 in a run the. the worst back of this on the west bound side. >> downtown san francisco all cannot see much. we do have delays at f f all due to disability. something that we will keep track of as we head into the course of a morning. into the afternoon when will see that the sunshine will climb into the 60s and low 70's. fog will return for the evening hours. we do have wet weather ahead of us as we push and a burst and friday. into thursday and friday. i will break down your afternoon high coming up in just a bit. >> it has been 6 months and more than 100 rallies since the president ticked off his reelection efforts. it has now came to win in and a poor performance in the first presidential debate. as election night wore on he continued to rack on boats and was ohio the put president obama on top. for both of the canada is in the final hour after his victory the president stated that he looks
and shortly after used his concession speech to call for national unity. >> i so i had been able to fulfill your hopes to lead the country in a different direction, but the nation chose another leader and so ann and i join with you to earnestly pray for him and for this great nation. >> just after 1:00 a.m. president obama took the stage in chicago and in an eeb lex cycle that has parsed every line, and smile, it was clear he saved his most powerful oratory for the very end. >> we are not as divided as our politics suggest. we're not as cynical as the pundits believe. we are greater than the sum of our individual ambitions and we remain more than a collection of red states andstates we are and forever will be the united states of america. and together with your help and god's we will continue our journey forward. >> reverend al, the president rode into office on a wave of hope and change, but i wonder after last night, is the change really, perhaps, for the second term? could the president have a mandate to really change the way >> i think a lot of it will be the t
bet you were close to saying i bet you $10,000. >> best in the u.s. or worldwide? >> the u.s. >> the readers' favorite city. >> we'll do a gentleman's bet. i'm going to go with san antonio, texas. >> respect your answer, but it's incorrect. >> san francisco. >> incorrect. >> one of the ones -- that's been like number one. >> that's moved on to number two so we'll get that to you. >> where was san antonio? >> it's a tease. >> come on, let's go. >> give me number three. let's get a check of the top stories this morning with natalie over at the news desk. >> good morning, matt, savannah and willie, good morning, everyone. an historic night as president obama wins a second term in the white house. the commander in chief addressed the cheering crowd in chicago after picking up more than 300 electoral votes. nbc's kristen welker hats very latest from chicago. good morning, kristen. >> natalie, good morning to you. after months of campaigning and spending record amounts of money, president obama declared victory. there is a lot riding on this second term, especially with the stagnan
-atlantic at this hour and it could mean snow for some of us. let's go over to veronica johnson. >> yes, still a strong coastal storm. as i said yesterday, the storm system more off the coast and still trying to overcome a lot of dry air. so this is how our day has looked pretty much with really precipitation falling throughout. just got off the phone with a friend of mine up in essex, maryland, areas northeast baltimore, where there's been a few drops of rain falling there. let's take me up to philadelphia, pennsylvania, where they've had flakes of snow. in fact, bigger flakes. you can see covering the camera lens. you can see the traffic down below. philadelphia, pennsylvania, from this coastal storm, one of the areas that's expecting some of the higherccumulating snowfalls. trenton, new jersey, and up around hartford, connecticut. back to what's going on here. you can see the trend, the moisture pushing throughout the morning hours. the afternoon hours from east to west, now leesburg, d.c., waldorf, leonardtown. very few reports of much of anything falling here. in new jersey, look at that white, di
and jobs and jobs. >> how do we know the money will be used for school? >> maryland generated $39 million in revenue alone, and some believe $500 million has been generated for education alone. >> i have not seen education improved since the lottery. >> it has passed statewide and also in the prince george's county. it passed with 59% of of the vote. live at national harbor, john gonzales. >> mellon also voted allowed illegal immigrants to -- maryland also voted to allow eagle -- illegal to pay and state tuition. >> police are investigating a ninth case of a cropping attack. ed happened on thursday afternoon just minutes after an number-one -- another 1 in springfield. so far, no suspect has been named. >> coming up congress up against another deadline that could cost thousands of hong numbers -- homeowners. >> this cat and kept getting the last laugh despite a resounding boss. >> two men said from a burning building. >> give an eye out for some snowflakes today. 42 degrees >> and recovering after firefighters pulled him out from a burning building. the fire broke out at a home -- they me
. unfortunately that could mean more power outages. for us, 45 degrees, winds out of the north at 16 miles per hour. cloudy skies with rain moving in. temperatures are on the cold side. look at these windchills, sitting at 35 in gaithersburg, 38 at the airport and 37 in manassas. once again, this will not be a big event for us. i'll come back and tell you what the big event will be, though, in just a minute. >>> a live look at reagan national airport where a number of flights heading north have been canceled already. united airlines suspended most of its service this afternoon. american airlines joined in. canceling flights to philadelphia. most airlines are warning passengers they need to reschedule and waiving some flight fees. >>> after his victory last night, president obama and the first family are due back in washington this hour. his long day started with the early-morning victory speech. soon he needs to get back to work with congress to avoid the so-called fiscal cliff. keith russell is tracking the president's travel today. keith? >> hey, wendy. president obama and the first family a
us that none of the vote has been counted. how can you say that mitt romney has won west virginia? well, all of our cbs news projections tonight will be based on the vote that has been counted and also our exit polling. we have been talking to voters in all of these states all day long as they've left the polling places and based on that exit poll information, we will project winners in these states and we will do so only when we have complete confidence in that projection. now let's look at that battleground states that we keep referring to tonight. these are the states that could go either way. these are the states that are going to tip the balance tonight for one candidate or the other. the polls have closed in a few of them, but many are still voting. in the state of virginia, we do not have a projection, but this is the tabulated vote as we see it so far. just 2% of the vote has been counted. mitt romney out with a lead there. this is a state that president obama won by 6% in 2008, but again, the mitt romney lead may or may not last because only 2% of the vote has been counte
of this presidential campaign and some historical perspective on this year's race. give we are glad you joined us. a conversation with oliver stone and peter kuznick coming up. >> there is a saying that dr. king had that said there is always the right time to do the right thing. i try to live my life every day by doing the right thing. we know that we are only halfway to completely eliminating hunger and we have work to do. walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. tavis: we are just hours away from polls opening on the east coast. it could be a long night. only time will tell how this raised will turn out in history, but history is. we want to bring you a unique project from oliver stone. the two have teamed up for an unprecedented showtime series called the untold history of the united states. the show kicks off on showtime and also features his companion botook. first of preview of the untold history of the united states. >> roosevelt made his solos move
that tell us the most about politics. everyone thinks the popular vote is close to 50-50. >> that's right. we see in the states that have closed, there are a couple of calls. obama doing great in the northeast. mitt romney, doing well in the south. states projected for obama, vermont, maine. going out on a limb. and for romney, he has georgia, indiana, south carolina, west virginia. the ones we care about, virginia and ohio. they feel ok about florida and virginia. but a sign of trouble. jonathan martin is hearing the margins for him in chesterfield county just outside of richmond, where he is doing well, it is not good enough. if he's losing there, it's a sign of trouble in the state. in ohio, romney is worried about the midwest. wisconsin, and ohio, real nervousness. in the obama war room, confidence. exit polls looked good for john kerry. there are jokes about president kerry. but their models are coming in. the vote is coming in how they expected. >> one state declared is indiana, which obama won and it is called for romney. it shows the map is smaller this time, the map is smaller. s
as the president's people told us did end up being demographics and turnout. latinos continue their embrace of the democrats and the rejection of the republicans. the white share of the vote was 72% which was exactly what plouffe, axelrod and mecino told us it would be. we want to break news here. >> we have mugs. we are excited. i'm sure our viewers are excited. >> on a day of big news, this was breaking. >> this is what we care about. no. we get in to the politics of this, what happened, the demographic break down and quickly say what this means for the country. health care stays. it means paul ryan's budget is essentially irrelevant since they weren't able to get the majority in the senate and maybe more importantly i think latino voters made their voice heard loud and clear to both parties in this election and comprehensive immigration reform of some sort will have to be a priority in the next administration. >> you're absolutely right. the gop has to move to the left on the immigration. latino issues. black and brown voters emerged this year as power brokers saying white people cannot
for the president. david gregory is with us. chuck todd, andrea mitchell and tom brokaw. sum up what we've just seen. >> this is going to be a difficult place to manage, even with a second term. but make no mistake, brian. this is a president with some muscle. he just got re-elected after four years of a very difficult economy, that was very slow to recover. still is slow to recover. very high debt. fiscal house not in order, in any way, shape or form. a lot of challenges, two foreign wars. a lot of questions of america's influence in the world. a lot of the headwind. and he pulled this out. and it wasn't a narrow victory. this could turn out to be rather big. he brings all of that to a soaring speech, where he made a point of reaching out to governor romney, praising his father and his mother. and praising the service of mitt romney, as well, as well as his parents. hope to meet with governor romney to talk about a way forward. talked about meeting with republicans, as well. he knows he has to signal to the country, the things he has to change. they have to work together to deal with the fiscal cli
of option pit mentoring gives us our first look at the trading day, and what do you anticipate on this post-election day mark? > > well, president obama won, so let's look at what his policies are really going to do. i think he's a weak dollar president. so what does that mean? gold is going to rally, commodities are going to rally. i think you will still have people searching for yield, so the stock market is going to rally. we will see a big sell- off in the vix, and we should see a sell-off in the u.s. dollar as well. > > what do you think about gold and oil here? yesterday they both ramped up. > > we saw both buying ahead of an obama victory. there is a strong belief that gold could make an end-of-year run through its all-time highs toward that $2,000 level. oil is a little more demand-centric, so expect it to test $90, maybe $95 in wti, but i doubt it's going to be testing new highs toward the end of the year. > > as you know, consumer confidence is up. we have retailers reporting earnings this week. is this a time to buy retail stocks? > > i think you have to be smart about which
at home! >> that future is out there! it is waiting for us! >> tonight, a special edition of charlie rose. >> rose: a politician thinks of the next election, a statesman of the next generation so says james free man clarke. while all the world focuses on the election results, e we want to raise this question: where is america 2012, 236 years after its birth, and where is it going? the challenge for the next administration are both immediate and deep. no great country has sustained its position without a strong economic foundation. the new president and new congress must deal with the fiscal cliff, partisan gridlock has prevented us from making the hard decisions about where we need to spend and where we need to cut and how we bridge a growing economic inequality. while we remain the richest country in the world, the global economic order is rebalancing. the application of american power is changing as we have seen in the response to the arab spring. old alliances need redefining. the pivot to the east demands understanding between china and the united states and the realization that it is
>> pelley: tonight, can they fix washington now? the politicians who brought us gridlock are reelected. >> tonight you voted for action, not politics as usual. >> let's rise above the dysfunction and do the right thing together for our country. >> pelley: reports from nancy cordes, dean reynolds and anthony mason. a countdown begins to automatic tax increases and huge budget cuts. wyatt andrews on the fiscal cliff. a nor'easter bears down on shores ravaged by sandy. ben tracy is there. we'll have the forecast. >> i don't know if we can mentally handle another storm. >> pelley: and one secret to the president's success was the changing face of america. anna werner on the new voters who helped push him over the top. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. this is a special one-hour edition. $6 billion was spent on political campaigns and when they were over nothing much changed. republicans will still control the house, democrats the senate, and barack obama will still be president. this was the scene tonight as
's new senator. >> now is the hard work. it's time for all of us to come together. >> in maryland, casino supporters celebrating a big victory this morning. >> good morning and welcome to news 4 midday. i'm keith russell. >> i'm barbara harrison. it's wednesday, november 7th, 2012. we begin with morning with the latest post election headlines. fresh off the big win, president obama celebrating his victory. the president and the rest of the first family head back to d.c. this afternoon. tim kaine defeated george allen in the senate race. he will discuss the win in richmond at noon. maryland voters passed all three ballot measures allowing the expansion of gamble, same-sex marriage and undocumented immigrants to pay in-state tuition. we'll have more on the election results. first, the latest on a storm headed in our direction. >> at this hour, rain has not started to fall in the metro area. that will change. storm team 4 meteorologist tom kierein is here with the forecast. >> a lot of clouds. there's capitol hill. looking at storm team 4 radar, we don't have anything falling. there's heavy
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